TNK-BP Bags a Long-Term Contract to Supply ESPO Crude to PetroVietnam

The long-term contract with PetroVietnam highlights TNK-BP’s commitment to the expansion of its international trading in keeping with the company’s strategic development plan.
“This long-term contract for oil deliveries to Vietnam marks a key step in securing TNK-BP’s footprint in the Asia-Pacific over the long haul. Access to new high-potential markets is important TNK-BP’s evolution and transformation into a major international player,” - notes Maxim Barsky, Deputy Chairman of TNK-BP’s Management Board.
The ESPO oil blend has been supplied via the East Siberia – Pacific Ocean (ESPO) pipeline and loaded for export in the port of Kozmino since January 2010. TNK-BP is supplying oil from the Verkhnechonskoe field (Irkutsk region).
The first consignment of ESPO crude, 100,000 tons, will ship to Vietnam in November.